Globe posts record PHP 129B nine-month revenue as data surges

Globe Telecom Inc. recorded its highest-ever service revenues for the first nine months of 2026, reaching PHP 129 billion, up 6% from PHP 121.7 billion a year earlier, driven by growth in mobile, home broadband, and corporate data services.

The record marks a rebound for the Ayala-led telecommunications company, whose nine-month revenues slipped to PHP 121.7 billion in 2025 from PHP 124 billion in 2024.

The company also reported record earnings before interest, taxes, depreciation, and amortization, or EBITDA, of PHP 68 billion, a 6% increase from PHP 64.2 billion in the same period last year.

Its EBITDA margin stood at 52.7%.

Mobile services generated PHP 91.4 billion in revenues, up 6%, with mobile data accounting for PHP 81.2 billion, or 89% of mobile service revenues.

Home broadband revenues increased 6% to PHP 18.9 billion.

Corporate data revenues rose 10% to a record PHP 16.5 billion.

Data-related services accounted for about 90% of Globe’s total gross service revenues, reflecting continued demand for connectivity and digital services.

Mobile data traffic climbed to 5,705 petabytes from 4,846 petabytes a year earlier.

Average monthly data consumption per subscriber increased to about 17 gigabytes from 15 gigabytes.

Globe reported 66.9 million mobile subscribers as of September 2026, including 39.8 million mobile data users.

Globe at Home’s total broadband subscriber base reached about 2.5 million, including more than 2.1 million wired broadband subscribers, with GFiber Prepaid accounting for 1.2 million subscribers at the end of September.

Globe’s reported net income after tax, however, declined 7% to PHP 16.5 billion from PHP 17.7 billion a year earlier, which the company attributed to higher depreciation and interest expenses and the absence of nonrecurring gains recorded in 2025.

Core net income remained broadly unchanged at PHP 15.5 billion.

“We are pleased with how the business has performed through the first nine months of the year, particularly as we continue to navigate a challenging operating environment,” Globe President and CEO Carl Raymond R. Cruz said.

“EBITDA increased 6 percent to a new nine-month high of PHP 68.0 billion, while our margin remained healthy at 52.7 percent. These results reinforce our confidence that our focus on customer engagement, monetization, and disciplined investment is building a stronger foundation for long-term value creation,” he added.

Globe invested PHP 35.8 billion in capital expenditures during the nine-month period, up 14% from a year earlier.

About 89% of the spending was allocated to data-related requirements.

The investments included the deployment of 128,732 new fiber-to-the-home lines and 1,481 additional 5G sites.

The company said its 5G network provided more than 98% outdoor population coverage in Metro Manila and key cities in the Visayas and Mindanao as of September.

Globe also expanded its 5G coverage beyond major urban centers, adding 92 towns during the third quarter and bringing to 307 the number of towns with at least 80% population coverage.

Meanwhile, Mynt, the parent company of GCash, contributed 28% of Globe’s pretax income during the first nine months.

Mynt listed on the Philippine Stock Exchange on Oct. 20 under the ticker symbol GCASH, following an initial public offering priced at PHP 6.60 per share.

Cruz said the company was mindful of persistent inflation and tighter household budgets heading into the fourth quarter, which could weigh on consumer spending, but added that stronger seasonal demand could help sustain growth.

Globe retained its full-year revenue guidance of low- to mid-single-digit growth, with Cruz saying its nine-month performance placed the company in a good position for the final quarter.